First made-in-Vietnam polyester fibre roll out
The Dinh Vu Polyester Fiber Plant, which was invested by the
Petrochemical and Textile Fiber Joint Stock Company (PVTEX), has turned
out the first batch of polyester synthetic fibre (PSF), which was
made in Vietnam for the first time.
The Dinh Vu Polyester Fiber Plant, which was invested by the
Petrochemical and Textile Fiber Joint Stock Company (PVTEX), has turned
out the first batch of polyester synthetic fibre (PSF), which was
made in Vietnam for the first time.
The event marked a strategic breakthrough in efforts to increase the local content of Vietnam ’s textile products.
Covering an area of 15 ha in the Dinh Vu Industrial Park in the northern port city of Hai Phong and with a capacity of 175,000 tonnes per year, the plant’s operation will ensure stable supply of about 40 percent of materials needs for Vietnam ’s textile industry, helping save about 400 million USD per year.
In addition, the plant will also help promote the development of the PSF industry, creating regular jobs for almost 700 workers and earn an annual turnover of more than 6 trillion VND for PVTEX.
The same day, PVTEX also started construction of the Phu Bai Fibre Plant with a total investment of 140 billion VND at the Dinh Vu Industrial Park./.
The event marked a strategic breakthrough in efforts to increase the local content of Vietnam ’s textile products.
Covering an area of 15 ha in the Dinh Vu Industrial Park in the northern port city of Hai Phong and with a capacity of 175,000 tonnes per year, the plant’s operation will ensure stable supply of about 40 percent of materials needs for Vietnam ’s textile industry, helping save about 400 million USD per year.
In addition, the plant will also help promote the development of the PSF industry, creating regular jobs for almost 700 workers and earn an annual turnover of more than 6 trillion VND for PVTEX.
The same day, PVTEX also started construction of the Phu Bai Fibre Plant with a total investment of 140 billion VND at the Dinh Vu Industrial Park./.
You should also see
Government’s action programme cracks down on illegal fishing
A raft of measures to deal with illegal, unreported and unregulated (IUU) fishing is included in the Government’s freshly issued action programme as the country is striving to clamp down on illegal fishing, or else it will be hit by the European Commission (EC)’s warning card.
See more
Business
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
Business
Masan completes 250-million-USD investment deal with Bain Capital
Masan Group Corporation on April 23 announced that it has completed the mobilisation of 250 billion USD from Bain Capital, a leading global private investment firm with assets worth 180 billion USD under management.
Business
Capital shortage - headache for construction firms
Domestic construction companies will continue to face difficulties in the second quarter of this year with capital shortage top of their problems, a report has revealed.
Business
An Giang bosters border economy
The Mekong Delta province of An Giang, billed as an economic centre that links Ho Chi Minh city, Can Tho city and Cambodia’s Phnom Penh, has paid due attention to developing border trade and logistics infrastructure so as to tap its border economic potential.
Business
Corporate bond maturity in 2024 remains high: MoF
The volume of corporate bonds maturing in 2024, though lower than that in 2023, is till at a high level, mostly in industries with payment risks such as real estate and renewable energy, according to a report by the Ministry of Finance (MoF).
